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15 chapters · 143 sections in this title.
Mich. Comp. Laws § 451.427 Examination of licensee.
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Sec. 17. The department may examine, without notice, the condition and affairs of a licensee. In connection with an examination, the department may examine under oath a licensee and any director, officer, employee, customer, creditor, manager, member, partner, or stockholder of a…
Mich. Comp. Laws § 451.428 Fee under debt management plan; purchase of credit reports or educational materials and products; charge for cancellation or default; when contract effective; cancellation of contract; excessive charge.
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Sec. 18. (1) In addition to the fee described in section 13(1), a licensee may charge a reasonable fee for providing debt management services under a debt management plan. The fee under this subsection shall not exceed 15% of the amount of the debt to be liquidated during the exp…
Mich. Comp. Laws § 451.429 Prohibited practices.
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Sec. 19. A licensee shall not do any of the following: (a) Purchase from a creditor any obligation of a debtor. (b) Execute a contract or agreement to be signed by the debtor unless the contract or agreement is fully and completely filled in and finished. (c) Lend money or credit…
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Sec. 20. (1) This act does not impose any liability, civil or criminal, on a person or publisher that is regularly engaged in the business of publishing a bona fide newspaper or operating a radio or television station and that, acting solely in the course of that business, publis…